The 2008 first quarter earnings report is in for PokerTek Inc., and so far things are looking up. PokerTek, a developer and marketer of automated poker tables, posted a net loss of $2.13 million during this years first quarter, which shows a positive improvement compared to 2007's first quarter loss of $2.62 million. The company announced a first quarter consolidated revenue increase of $3.2 million, which is an increase of 441% compared to last year and shows a 125% increase in just this last quarter.

This improvement is due to many variables, including the positive introduction of its new product, the "Heads-Up Challenge," as well as continued demand for PokerTek's PokerPro tables. PokerTek also secured over $3 million in loans during the quarter, two million of which came from board members Lyle Berman, James T. Crawford III, Lee Arthur Lomax and Gehrig H. "Lou" White. This loan, according to PokerTek CEO Chris Halligan, will allow Pokertek to "...continue to execute on the significant growth opportunity before us. Thanks to this financing, we are ready to meet the demands of both operators and players as the popularity of automated poker increases."

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